NORDIC POWER FUND JUNE RESULT: -0,20%; TOTAL 2010: -1,40%.

Monthly report June 2010
 

GENERAL Nordic Commodity Funds AB (NCF) is a Swedish limited company (“AB”) based in Stockholm. The company became operational in January 2007 and received a fund management licence from Finansinspektions in March 2007. OFFERING Nordic Commodity Funds offers commodity funds and managed accounts with very low correlation to equity, bond and currency markets. VISION Nordic Commodity Funds aims to be the leading Nordic management company for commodity based funds and managed accounts. FUNDS The company presently manages the Nordic Power Fund – a hedge fund trading Nordic power. The company also offer two index funds: Nordic Power Index – an index fund that profits from rising Nordic power prices, Nordic Power Index Short – an index fund that profits from falling Nordic power prices. For a more detailed description of the three funds, see the prospects. MANAGED ACCOUNTS NCF give larger clients the alternative of managed accounts instead of investing in the funds. In some cases this is preferable for tax, legal, risk level or other reasons. The managed accounts are traded under the same organization, risk management policies, independent surveillance, compliance, etc. as the funds.